Salboy says it is targeting jobs in residential sector

Manchester developer Salboy has said its in-house contracting arm will start work for clients outside the group.

Salboy is co-owned by BetFred founder Fred Done and responsible for schemes such as the 76-storey Viadux 2 tower.

Salboy Construction - Tuckingmill, Cornwall

Salboy has worked on this residential scheme in Cornwall called Tuckingmill

Its construction arm was established in April 2024 to work on the group’s own developments, as well as selected sites funded by Salboy Capital, the group’s property funding partnership business. 

Since then, the subsidiary has grown to a team of 16 construction professionals, quantity surveyors and procurement specialists and has delivered 120 homes with a further 139 currently under construction.

It has live and completed schemes in Greater Manchester, Cheshire, London, Cornwall, Lincolnshire and Staffordshire.

Salboy Construction will now offer its services to a wider range of third-party clients nationwide with a focus on delivering “complex, time-critical and distressed” housing schemes.

“The outlook for housing developers, fundings and associations shouldn’t look as bleak as it does,” said Andrew Cavanagh, chief financial officer of Salboy. 

“Buyer demand is robust, finance is accessible, and the supply/demand ratio for new housing in this country is skewed heavily in their favour. 

“But the difficulty of securing capable construction partners to build in locations where houses are most needed is reaching fever pitch. 

“Across the country, developers’ schemes are slowing down, stalling altogether or taking years to get out of the ground because suitable contractors cannot be mobilised quickly enough or with sufficient certainty that they can deliver on time and on budget.” 

According to the developer, demand is particularly high in cost-sensitive areas such as affordable housing, where the construction business recently began work on schemes for three registered providers.

The business’ hybrid delivery model combines its own direct delivery teams with a network of regional partners, including its long-standing north-western partner Domis Construction.

Salboy added: “Over the past few years, more and more funds, banks, housing associations and registered providers of social housing have approached Salboy to help bring their projects forward. Until this point, capacity was our only constraint.”

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